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, in washington, d.c., in st. louis, in kansas city, in detroit, in flint, michigan, and other areas around this -- fast food workers. they were people who work in burger king, mcdonald's, popeye, they are the ones who give you the hamburgers and the french fries. what they are saying is workers all over this country, they cannot make it on $7.25 an hour, $7.50 an hour. often they are unable to get 40 hours of work and in most cases they get no or very limited benefits. all over the country, these workers, often young people, are walking out of their establishments, their fast-food places and are educating the consumers about the economic injustice taking place in these fast-food establishments. what they are saying is we need to raise the minimum wage in this country, that american workers cannot exist on $7.25 an hour which is the national minimum wage now or $8 an hour or $9 an hour. my own view is that the very least we should be raising the minimum wage to $10 an hour. just do the arithmetic. if somebody is making $7.25 an hour and if they are lucky enough to be getting 40 hours a week
troubles have left a very heavy mark on detroit. homes left abandoned to the elements, entire neighborhoods wiped out. but it's not just people who are down and out in the city. [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for the next new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through september 3rd. then you'll love lactose-free lactaid® it's 100% real milk that's easy to digest so you can fully enjoy the dairy you love. lactaid®. for 25 years, easy to digest. easy to love. at humana, our medicare agents sit down with you and ask. being active. and being with this guy. [ male announcer ] getting to know you is how we help you choose the humana medicare plan that works best for you. mi familia. ♪ [ male announcer ] we want to help you achieve your best health, so you can keep doing the things that are important to you. taking care o
would tell them to shut up. >> dna tests. >>> and shocking numbers out of detroit. >> 50,000 dogs run loose in the city. people move out, they leave their dogs behind. when it gets cold, they turn them loose. >> packs of stray dogs roaming the streets. the city too strapped to do anything. one neighborhood now called chihuahuaville. that's all new with the next hour of cnn "newsroom." >>> a college basketball player who already lost two family members now learns the ncaa won't let him on the court this season. we have the "bleacher report." good morning. >> he lost his father and brother in the last year so he decided to transfer from iowa state to rutgers to be closer to home but the ncaa says he has to sit out this season if he wants to play for the scarlet knights. another case of the wording of the rule getting in the way of doing what's right. you can get a hardship rule to play right away if you have a sick family member, but if a family member dies you're out of luck. he said i'll make the wise decision of staying off social networks today because if i express my feeling i migh
exactly that. bill: will detroit now have the biggest yard sale we've seen in american history? why bankrupt detroit is now assessing its own art treasures to raise money. what in the world will come next? >> nothing's being proposed for sale and nothing is being sold. we need to know how much it is work. >> selling the dia would be like detroit announcing it is giving up. so then the little tiny chipmunks go all the way up... ♪ [ female announcer ] when your swapportunity comes, take it. ♪ what? what? what? [ female announcer ] yoplait. it is so good. bill: flights will resume later today after east africa's largest airport was engulfed in flames. the fire tearing through the arrival section in nairobi, kenya. all flights had to be rereported. took firefighters four hours to put the fire out t was 15 years ago today the embassies in nairobi and tanzania were bombed. investigators say there was no signs after terror attack at the airport in nairobi today. 25 minutes after the hour. heather: a daredevil pulls off an amazing stunt in the skies over illinois. take a look. this is h
a little tiresome. it hasn't worked for four years. think detroit. >> thinking detroit, we're going to take up that issue later here in the broadcast with a congressman who wants the federal government to step in, do you think that that is going >> the house of representatives and the senate are not going to allow the president to throw american taxpayer money at detroit or other failed cities. detroit has had decades of warnings. they were spending too much, regulating too much, driving people out of the city, governing poorly. they didn't care, they thought they would be bailed out, they thought other people would pay for their mistakes and the answer is no. enough cities and many states have begun to turn themselves around on unfunded pension liabilities and civil service costs. those states, utah and wisconsin and new jersey and louisiana, those states are not going to loot their taxpayers to pay for cities and states that didn't do anything to take care of themselves. not happening. >> and let's turn now to immigration. word out today, breitbart.com reporting they have corroborating so
in detroit. let's bring in now, former governor of pennsylvania, and nbc news political analyst, ed rendell, also editor in chief of "parade" magazine maggie murphy. the latest issue of "parade" is a labor day report on putting america back to work. let's jump right into it now. manufacturing is returning, about five, six, seven years ago, you start ed realizing tha the cost of producing products in china were going up, the labor prices were going up with fuel costs up, shipping costs a lot more, companies in america started reorganizing. yesterday an extraordinary story about the uaw and ford joining arms, locking arms, 20,000 new jobs coming to detroit right away. i mean, things are really turning around. and you look forward over the next decade, it speeds up. we've got an energy boom coming. the likes of which we haven't seen in 100 years. it's going to get much cheaper to make products in america. >> it's going to get cheaper and the other thing along with companies and sort of the economics that it's good to grow some stuff here, consumers now connect by u.s. products, u.s. jobs. down
. >>> could new york city be the next detroit? the big apple's outgoing mayor says it's a possibility his city could follow the motor city down the road to bankruptcy. correspondent david lee miller has details from new york. >> reporter: in a little more than three months, new yorkers will elect a new major to michael bloomberg, alerting him around the city. >> it's how detroit went bankrupt. >> reporter: city worker pensions contributed to the ruin threaten new york's economic stability. most city workers and retirees pay nothing for $6.3 billion in annual health insurance. workers also pay little for pensions that have taxpayers on the hook for $8 billion this year. >> new york city has right now 10,000 police officers retired who are under 40 and collecting pensions and they will technically collect those pensions for the rest of their lives. >> reporter: contracts for almost all 300,000 city workers expired at least three years ago. the next mayor will be under pressure to win concessions. >> the unions have tried to wait it out. they don't want to negotiate with mayor bloomberg because h
: detroit, once a shining example of america's industrial might, now is full of abandoned and run-down derelict buildings. coming up details on a new multimillion-dollar effort to fight the blight in the motor city. >>> plus a new report says the economy might be taking a toll on teens. analysts are raising the possibility of a lost generation? we'll tell you why. when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. jon: well right now in detroit a call for all hands on deck. city leaders asking residents to help save that bankrupt city and part of that means going street by street, building by dilapidated building, tearing the
could go bankrupt just like detroit unless steps are taken to get the costs of pensions and health care under control. live in fox central, this is chilling. tell us more, david lee. >> consider this, alisyn. detroit is the largest city in the u.s. to declare bankruptcy in the red more than $18 billion. other even larger cities could be next. in a little more than three months, new yorkers will elect a new mayor. in a recent warning from mayor michael bloomberg to his successor is now reverberating around the city. >> avoiding the hard choices is how detroit went bankrupt. >> reporter: bloomberg says health and pension costs for city work that's right contributed to detroit's financial ruin threaten economic stability. most new york city employees and retirees pay nothing for $6.3 billion in health insurance. workers also pay little for tensi pensions that have taxpayers on the hook for $8 billion this year. >> new york city has right now 10,000 police officers retired who are under 40 and collecting pensions and they will technically collect those pensions for the rest of their lives.
by the military? we have more on this developing story. >>> also, is new york city on the brink of a detroit-style bankruptcy? new york city has been on the brink in the past. the warning from the mayor mike bloomberg that just came down. a question that's surfacing today, is this real? is this really where new york city is today, or is this somehow just a scare tactic from the mayor? we're live with that story next. ♪ ♪ we've been bringing people together. today, we'd like people to come together on something that concerns all of us. obesity. and as the nation's leading beverage company, we can play an important role. that includes continually providing more options. giving people easy ways to help make informed choices. and offering portion controlled versions of our most popular drinks. it also means working with our industry to voluntarily change what's offered in schools. but beating obesity will take continued action by all of us, based on one simple common sense fact... all calories count. and if you eat and drink more calories than you burn off, you'll gain weight. that goes for
today. lennar ended higher and rye lend, dr horton closed lower. >>> an update on detroit's bankruptcy. the federal judge presiding over the biggest bankruptcy filing in u.s. history order add mediator to handle negotiations with the city's unions and two largest pension funds. the idea is to save money on litigation against the city and speed up a resolution of this historic bankruptcy. >>> turning now to egypt. another day of violence and bloodshed as the military police continue their assault on supporters of oust the president mohamed morsi. from cairo, we have more. >> reporter: a very tense cairo here tonight as supporters of ousted president mohamed morsi continue to clash with security forces, not just here in cairo but across the country. it started after the protesters called for a million-man march, a friday of rage after friday prayers, and that did materialize. what happened around the square area and also some of the bridges, a lot of people have been killed. the images we've seen are very disturbing, very bloody images and mass gunmen in operation with ak-47s entrenching
're going to see that -- >> in detroit. >> stop it. >> women. it's just going to be horrible. >> all right. >> how can you make cars when you're doing that? it's now -- it's now an industrial problem, willie. >> all morning -- >> why do you think the japanese are beating us? >> miley cyrus. >> miley cyrus. >> we're actually going to take an in-depth look at the causes of the financial crisis that gripped the city and the innovators who were working to dig it out. coming up today on "morning joe" -- >> and twerking. >> stop it. >> chris mathews will be joining us along with the "washington post" david ignatius, financial times gilleyen tett and dr. nancy schneiderman. up next the top stories in the politico playbook. bill karins with a check on the forecast. >> good morning. as far as the rim fire went in california yesterday, firefighters got a little bit of control. not a lot. we went from 7% containment to 20%. it's still threatening the drinking supply, the reservoir that supplies 80% of the water to san francisco. worried about the ashes contaminating the water as the fire continues to
and more than half of the company's 1.3 million u.s. employees are on its health care plans. >>> in detroit a federal judge moved up the a hearing on the city's eligibility for bankruptcy. instead of october 23rd, egin on september 18 to determine whether detroit is insolvent and if the city negotiated in good faith with its creditors. >>> texas is home to four out of top five cities for u.s. business. baltimore was fourth and hughes to infifth. rankings are based on growth rates, local taxes and regulations. >>> that's the latest from the fox business network, giving you the power to prosper. lori: who wants to intentionally step on broken glass when you go to the beach? well some florida beach communities are actually talking about putting it in the sand. joining me now from miami beach is fox's phil keating. hi, phil. >> hi, there. down here in florida, sand is is like gold. it draws millions of tourists every year which contributes $70 billion to the state's economy. believe it or not because of erosion constant along the coastline, you can see it with the three or four foot drop down t
in the middle of lake saint claire on monday, took him more than two days to reach detroit. the swim raised money for charity. illinois. this couple tied the knot on a replica pirate ship that the groom built himself in the backyard. he says it took him several months to build the vessel. they plan to keep it in their backyard so future kids can play on it it and that's a fox watch across america. nation? stephen colbert got quite the surprise this week when a cancelled on his program. nation, fear not. last night he got some revenge on the mtv executive behind it all. coming up, colbert spoils a big surprise. pumps up the tune and gets lucky. ♪ up all night ♪ i'm up all night to getle a lucky. and 6 weeks of sleep but one thing you don't want to lose is any more teeth. if you wear a partial, you are almost twice as likely to lose your supporting teeth. new poligrip and polident for partials 'seal and protect' helps minimize stress, which may damage supporting teeth, by stabilizing your partial. and 'clean and protect' kills odor-causing bacteria. care for your partial. help protect you
coming into detroit as well as ink cartridges being filled with explosives and sent to america as well a year after that. a dangerous group. they were being used by al qaeda central now, apparently, to act out and to strike out and that's why the concerns were there, bill. bill: thank you, greg palkot, london there reporting. despite the latest terror threat the white house still contending that the core of al qaeda has been diminished, knocked out. ahead ambassador john bolton on that and what he thinks the terror network's resurgence and what it means for our national security. that is coming up with the ambassador. >> after four years of waiting the trial of the man charged in the 2009 fort hood massacre is about to begin. here is army psychiatrist, major nidal hasan as he looked that day when he admittedly killed 13 people and wounded dozens in an alleged shooting rampage. here is how he looks today as he prepares to represent himself and even cross-examine some of the wounded survivors. now we have casey stiegel there for us. he is live on the base at fort hood. he will join us in
of michigan and, of course, everybody's aware of the economic pain felt by the city of detroit, so finishing a swim there was also very symbolic. what we really wanted to show, number one, we're selling these bricks to help fund building projects, but there was also a message of hope we wanted to deliver, you know, that we don't have to sink with the weight of our burleds, you know? and if one man can pull a ton of bricks 22 miles, then what are we able to accomplish if we all pull together? i believe we will have the strength to pull ourselves out of this, and that was really the message that we delivered. jenna: it's such a powerful message, and it struck me as i was reading a little bit about you that most of the stories we do about detroit and about michigan are, as you mentioned, you know, they're negative because of what's going on right now with the economy. and you had an interesting interaction with a woman who traveled to see you at the end of this swim, jim. tell our viewers a little bit about that. >> this was the most special moment of the swim for me, you know? in addition to m
. >>> listen to this one. detroit on the rebound question mark there? federal, state and local officials are kicking off a new campaign spending more than $50 million to tear down thousands of abandoned buildings in order to help revive some of the city's hardest hit areas. let's talk about this. garrett tenney is live for us in the motor city. the big question is, is this going to help? >> reporter: well, heather of the goal of this program is to stablize neighborhoods and redice foreclosures like taking homes like these and making them look like this. stay away and scrappers will be shot. signs like these are common site in neighborhoods all across the motor city where there are more than 78,000 abandoned homes. most of them fallout from the housing crisis. more than 30 of those homes are on robert couch's small street and have become magnets for squatters, scrappers and criminals. >> bring our neighborhood down, our community down. it ain't no community. we tried to do what we can as neighbors. neighbors can't do it all by their self. >> reporter: now help is on the way in the form of
happenight when there's chaos. things like nd that. is there a government in detroit right now? mean, is there a police force? h, yeah, there's a burglar outside of my house. you call the police. it's over with. so when the federal government can't respond because the money doesn't work and they can't pay military and the troops come soviet at's the way the system collapsed. if that's the case, there's going be -- there's hundreds of local ight now that our governments, cities, townships, and states are writing actual know, when lify, you it comes to obama care and these other things, they're not going through on them. but in the midst of chaos, it de facto nullification. that's what's happening in detroit. there's no government. and the biggest risk is how thuggish will they get? speaking out can become very dangerous. laws on we write purpose and there's a lot of demagoguing going on to protect individuals because all of the politicians want truth. they want -- they want us to about government so they write these strict laws hat say oh, if you're a whistleblower and telling the pe
/11 --had the underwear bomber the person flying to detroit that was going to blow up a plane christmas day -- the times square bomber, the two people in boston that just committed the on the marathon day and so forth. those people were communicating internationally, basically. they're all communicating either and thenya or pakistan underwear bomber was in yemen and communicating with other countries in the middle east and also to nigeria, for example. been takinga had all of this attention and paying attention to foreign communications and international communications and set of domestic communications, it might have discovered those. wheree a track record you're not able to discover those because you have too much electronic hay on the haystack and it is impossible to find the needle. that is what these hearings are good for. >> does the fbi, local police, do they have access to this information from the nsa as well? are they all sharing? the fbi is one of the principal recipients i think of a lot of this information. -- one of theg things i think should worry a lot of people is it is not
, and the underwear bomber in detroit, to place bombs on -- i forget if it was u.p.s. or fedex planes. we took out some of the senior leadership in pakistan and elsewhere. the obsession with drones, i find a little odd in the sense that the question is the war. al qaeda declared war on us in 1996. they vice president chan they haven't changed their mind. we're trying to defend ourselves and go after them. it's not just drones. we, of course, have done what we've done in afghanistan. i mean, would it be better if we were launching cruise missiles at us. they declared war against us, they are threatening us. yes, you know, violence begets violence. but when you have people out there specifically plotting to attack us, i don't think we can sit back and say, well, we don't want to risk making other people mad. al qaeda senior leadership and al qaeda in the arabian peninsula, you know, are actively plotting against us, we need to use the tools that are in our toolbox to disrupt those plots. >> congressman, any thoughts on how long the embassy closures will persist? >> you know, it's hard to say. depend
foreign dollar to detroit. that's the opinion there. in "the washington post" today, islamist issues a call to alms to further goal. a little bit more about the future here. they are moving to capitalize on this political crisis in egypt. argue taggert the crackdown in the muslim brotherhood vindicates their view that democracy is a dangerous proposition. -- we are going to take a short break here and move off of egypt onto a different topic. it's about states around the country who are putting efforts to nullify efforts to stop some of the top issues. nullify federal laws that relate o health care and gun control. we'll be right back in a few minutes. ♪ >> we were right in my view to fully fund the military in 9/11. we deprived the u.s. department of funds. and there is as a result, an enormous gap between the power of the pentagon and the power of the state department. i'll illustrate it with two little examples from bob gate who is was an outstanding secretary of defense for president push and president obama. he gave a brilliant speech a couple of years ago and here are the nug
've talked about doing things for detroit that don't just involve federal spending. the notion of doing anything is equated with big government, so they avoid that and can't sell it. they talk about the sequester as something that was originally a punishment. oh, it's a failure we didn't get it done. well, this is hurting people's lives. this is undermining affordable housing. this is undermining criminal defense and the right to counsel. a lot of very core values that shouldn't be caught in partisan sniping. and it's not equal because there were democratic proposals to say, you know what, we didn't reach a deal, we said this thing was only designed to get us to a deal, let's unravel it, let's cancel the sequester and start over. what did the republicans do? they said, oh, the thing we said -- john boehner said a week before, this would be bad, this is not what we want. now it's fine across the whole country. you see that as well in the tough talk about the military. this is my last point because i want to the go to toure. he's on a giant screen here. see how good you look? the last poi
cruz, an outfielder and detroit tigers johnny peralta had 50 suspensions. they're in the middle of a pennant race. the appeal could be heard in ten days. there have been calls to move up the process. potentially, a-rod could play another 20 games before it is all decided. >> thank you. >>> big stories on fox stations nationwide tonight, wfld is all over the a-rod story as he and the yankees play the white sox at u.s. cellular park. our affiliate in boston covering closing arguments in the whitey bulger trial, a mobster facing life behind bars potentially. this is a live look at houston, courtesy of kriv. the big story there, charging a bar customer with giving another drunk patron drinks before she killed two teenagers in a wrong way wreck. strategy i can story live from houston. that's tonight's live look outside the belt from "special report." we'll be right back. ♪ how mu protein does your dog food have? 18 percent? 20? new purina one true instinct has 30. active dogs crave nutrient-dense food. so we made purina one true instinct. learmore at purinaone.com >>> one of the mo
. federal agents arrested that doctor out of detroit last week. a judge set bond at $9 million as prosecutors argue the doctor has so much money and some resources he could easily leaf this country. she was face-to-face with the accused food shooter when her gun run out of ammunition or ran out i should say. ahead, dramatic testimony from a police officer who helped stop that massacre. plus, 16 women have so far come forward to accuse the san diego mayor bob filner of sexual harassment but tonight, he has a whole new problem on his hands. and city council members say it could be just what they need to get him out of the mayor's office. that's coming up from the journalists of fox news on this friday fox report. when yod starts a fight, fight back fast with tums. trusted heartburn relief that goes to work in seconds. nothing works faster. ♪ tum, tum tum tum tums! nothing works faster. could save you fifteen percent or more on car insurance. yep, everybody knows that. well, did you know the ancient pyramids were actually a mistake? uh-oh. geico. fifteen minutes could save you..
control. they want the deficit under control, stop spending. jon: very quickly, look at detroit. detroit declared bankruptcy in part because it has so many mandates to fund pensions and so forth that it cannot afford to pay -- >> right. jon: same kind of thing the federal government is facing. >> although the federal government has a magical printing press, jon, but you can't do that without consequence. so we do have to get this government and spending under control. jon: monica crowley, thank you. >> you bet, thanks. alisyn: well, a controversial program shaping up in california. suspects swapping their dna for a taste of freedom. coming up, we take a closer look at this. >>> and wooly mammoths roamed the earth tens of thousands of years ago, but could these prehistoric beasts be revived? one scientist is considering cloning the ice age giants. alisyn: right now orange county, california, playing let's make a deal with suspects: hand me other a sample of your dna, and you could go free in certain cases. will carr joins us live from our los angeles bureau with more. >> reporter: here's
their way. a city in california went bankrupt and had to file for bankruptcy. detroit is filing for bankruptcy. these democratic cities have democratic policies for such a long time. when they have their way, that's what happens. we continue on with these policies that are being pushed down our throats. that is going to happen to a larger scale. we cannot afford everything. we cannot be everything to everybody. we need to live within our means. i grew up among democrats. i hear this nonsense all the time. we need to live within our means. host: ron is from tip of florida this morning. -- is from tampa, florida this morning. we brought up the proposals tea party members are pushing. a possible government shutdown if government includes financing for the affordable care act and its proposal to extend government funding beyond that date. today's "washington post," he is a republican strategist talking about that strategy as a possible option under his headline -- scott is from maine on our independent line. talk about this idea of compromise. is it possible in today's political cli
will have to happen is it might really happen when there's chaos. in detroit and things like that. is there a government in detroit right now? i mean, is there a police force? oh, yeah, there's a burglar outside of my house. i think i'll call the police. it's over with. so when the federal government can't respond because the money doesn't work and they can't pay the military and the troops come home, that's the way the soviet system collapsed. if that's the case, there's going be -- there's hundreds of times right now that our local governments, cities, townships, and states are writing actual laws to nullify, you know, when it comes to obamacare and these other things, they're not going to follow through on them. but in the midst of chaos, it would be de facto nullification. that's what's happening in detroit. there's no government. and the biggest risk is how thuggish will they get? because speaking out can become very dangerous. you know, we write laws on purpose and there's a lot of demagoguing going on to protect those individuals because all of the politicians want truth. t
for the administration to say, oh, we're behind you, detroit. no. we said to wall street $800 billion we're behind you, so that's being behind me. [laughter] >> okay. mark -- [inaudible] that's behind you. what would be some of those policies? >> so wall street caused more damage than what we have put into the budget. there needs to be a financial transaction tax, because when they -- [applause] we lose. and they have to pay for cleaning up the whole mess. not just their mess, not just the mess that let them get their jobs back, get their bonuses back and then argue for a tax cut after they got their bonuses and we saved their bankrupt companies. if we saved aig that was bankrupt, we can save detroit that's bankrupt. and if aig who caused the downturn in the first place could get a bonus because it stated in their contract they had to get a bonus, then detroit city workers can get a pension just hike it said in their contract. [applause] .. which of course makes the united states different and unique from other countries in the world supporting the immigrants now no other country even comes close. but
o'reilly has called on viewers to help. so far they have raised $8 million. martha: one detroit area doctor is facing serious charges today. here is a picture of him. he's accused of bilking the government out of tens of millions of dollars by deliberately misdiagnosing patients with cancer, then giving them chemotherapy they did not need, then illegally billing immediate care for that treatment. you're mind cannot wrap around what this man is accused of doing. laura ingle is live in our newsroom in new york city. >> reporter: there is a staggering list of accusations against the doctor. he got rich by mistreating patients. by administering chemotherapy when his patients didn't need it. the government claims that he billed $35 million to medicare over 2 years, raking in $24 million in drug infiewks building. the drug complaint says co-workers dozens of people pass through the offices each day with the doctor only spending minutes with each patient, then hiring doctors who may not have been properly licensed. one nurse said she saw chemotherapy given at inappropriate times and treat t
people have strong 04. you cannot rob people in detroit of their pensions. if we stand by while they take their pensions, they will take our pensions. don't think it will happen -- will happen to us. they will do it again. inequality is a skirt on our society. and -- a scourge on our society. and yes, we're talking about $7 an hour workers and we got to do something about it, but on this side of it, some people are doing pretty good. between 1979 and 2007, a time frame of all of a less than 20 years, real income went up by the 240% for those in the top 1%. it is a shameful thing. it is a moral issue. we've got to fight back. our economy is capable of producing enough good paying jobs for everyone. [applause] our economy can do it. this economy can do it. but we cannot do it while we are getting trade deals that are shipping our jobs overseas. they just leaned on us a few months ago for this south. deal that they said would create jobs. the -- this south korea deal that they said would create jobs. it has already cost jobs. i'm not against trade. but these are not really trade deals, but i
. then writing business, then i was at detroit for seven years. so all of our children, all three have michigan birth certificates. then i ended up at "forbes" a cup the of times and ended up here and there. then i ended up at "newsweek" and i thought i would be there forever. that didn't quite work out. five years ago i went to fortune. again, i'm the polar opposite of jeff i knocked around. went a public college. i was raised in big city. sister sort of fun. -- it's sort of fun. >> host: when did you first start talking to one another about? how long? >> guest: not long ago. there was some day in august. >> guest: it was the last thursday in july. i was going away for the month of august on vacation. >> guest: right. >> guest: thursday our boss comes to me and says you and geoff are going do this. on that friday we had lunch and we started working on it. >> host: has there been so far any strong reaction? if there has what is it? >> guest: we've had a tremendous amount of reaction. i can't recall getting a
although there are too much price into them with the detroit bankruptcy although that is a unique event but on the heaviside before the holiday week but on average we're looking at 6 billion a of think it is that far out. lori: any other fixed-income tools we should look at? >> we have been encouraging customers to look at one market that i mentioned before is the fluting note rates issued by corporations and start with a fixed-rate but then five years convert to the floating rate but the benefit is the risk of the 5 yards -- five-year bond defensed does start to hike down the road. lori: i do remember that discussion. thank you. breaking news will closing down $0.5,105.92 a barrel. so with the decline in oil prices that is it today decline for the price of crude. donald trump is being sued $40 million for full profits of trump university for deceiving customers at every stage. his legal team has responded in rehab the details. >> they said the new york attorney general allegedly tried to settle the case but at just $5 million was pushing to settle. allegedly he told the trump organizat
trying to negotiate with iran on its nuclear weapons. >> bill: detroit on edge after a super cat is seen to be roaming the neighborhood. bill: many say they are scared for little kids playing in the area. listen to these people who describe the mysterious animal. >> it's tall with very long arms and a long tail and a small head. >> it looks like an evil thing. i just ran. you just ran. you didn't want to look at it any longer. >> it just walks through the block. it's not scared of anybody. i'm scared to walk the neighborhood. it come out on you. >> i ran in the house and it was real scary. i said i'm never going back there again. bill: humane society officials moving in there. but they have got to locate him first. martha: he has a long tail. he's not a bobcat. he looks like a combination of a leopard and a bobcat or something. bill: hiding out under the left quarter panel of that vehicle. martha: i'm not going back around there again. a 12-year-old boy who really kept his cool under some frightening circumstances after two burglars broke into his home when he was alone. now the little b
was identified at from detroit. heron and morris are on the ballot to be recalled because of deep objections by their constituents to particularly the gun grabbing votes that they cast some would say at the behest of the new york mayor michael bloomberg in this last legislative session. it's never been in the history of colorado that state legislators have been fired by we the people on the recall in midterm. that's what he means about september 10th. >> indeed. [applause] >> i think it's interesting just on the topic of new york city that you have a mayor now that is like a slurpee grabber and might be replaced by the most famous amateur photographer. >>> we will have more on the future of the political party tonight on c-span town hall. these programs and a variety of topics air live each tuesday, wednesday and thursday from seven to 9 p.m. eastern throughout the congressional recess. republican national committee chairman rights on the rising stars program today on the meeting in boston. we will have that live on c-span this morning at 11:15 eastern canadian alliance for health reform hol
. if you don't know, think of detroit. would you lend to detroit today? you wouldn't. you would want to find out what happens to others who lend to detroit. there is the longer-term agenda. that has to do with potential growth. that speaks to education. it speaks to some micro things that we should be doing. one of the problems of the fed being the center of attention is it everts discussion away from other things. there is this whole set of other things that are more important for us and for the next , that this whole narrative have shifted away from. >> as chief of the white house global council of economics, what types of new projects are you working on? >> you have promoted me. [laughter] i am grateful to be chair of the council on global development. the notion is very simple. securing u.s. national andrity and economic future living in a global neighborhood that is more prosperous. -- you nornumerous ms. advantages. numerousso -- advantages. eradicate -- the idea is to contribute and bring in outside perception. we are a council made of people from very different backgrounds an
and detroit last week? >> you know, you find this all very well, bill. i think it's so important, as tommy said, to put things in context. when i go back to those years, it was an extraordinary time in american fiscal history. i will never forget being called to an emergency meeting in the fall of 2008 to the majority leader's office. i was the last to arrive because i didn't chairing a meeting on energy and another part of the capitol complex. and i walked in, and there were maybe 16, 17 people in the room, leaders of the house and senate, republicans and democrats. the chairman of the federal reserve and the sector of the treasure of the bush administration. and it was about 6:00 in the evening. they actually posted a guard at the door and close the door. it was very unusual, as you know. and i knew something dramatic was afoot. and i sat down, and the meeting began. secretary of the treasure in the chairman of the federal reserve told us they were taking over aig, the large insurance company the next day if they made very clear they were not there to seek our advice or approval. they we
, on the insured line. good morning to you. caller: i have a question. i work for a labor union out of detroit. the way i work, as long as you are working, your insurance was being paid for, but you have to have so many hours. say you are off for a month, because that is the way construction works, you lose that and you do not it your insurance until thou was built back up. you could go for two to be oh or three months. how is it going to work? guest: one thing we have not talked about the law is the employer mandate. i think that is what you are referring to in the call. all employers with more than 50 full-time workers are going to be required to provide healthcare coverage. right now about 96% of those employers already provide coverage. this law makes sure they all do. but this provision that was supposed to take effect this january for the 14, has been pushed back one year to 2015 because the obama administration was late getting some of the rules out and they decided to make it easier on employers and push it back. the question is, what is full- time? under the rules so far they made it
the right measures to keep everyone safe. >>> detroit has hired christie's auction house to appriaise the city's world class collection, but does not mean the city will sell the art. kevin orr, the city's emergency manager, is not ruling out a sale in a bid to slash billions of dollars in debt. >>> a 9-year-old kansas girl sucked into a river by high water and rapid currents can thank a police officer and others for her rescue. police say the girl and her sister were sitting with their feet in the water sunday when she was swept away. her 17-year-old sister jumped in to help, she got sucked in, too, but the older girl managed to escape and ran to get help. >>> check out this video of some severe storms in kansas yesterday. you can hear them, too. lightning, rain, powerful winds blowing upwards of 80 miles an hour. let's get to meteorologist indra petersons, she's monitoring it all. indra, we're watching damaging storms and heavy rains moving through kansas and missouri here. >> we've been watching storms training really through kansas and missouri overnight in missouri last night, we'
of detroit and chicago that these cities in deep financial trouble may with looking -- may be looking to push some retirees into the health care exchanges instead of having to pay for health care benefits until they're the age of 65 or so, michael. if that happens and, again, it's just an idea, but if health care becomes entrenched in that way because of decisions made by politicians at a local level, how does that influence the political debate? >> i think one of the ways is that if cities, cities with big payrolls like shaq -- like chicago dump their employees on the health care exchanges, this program is going to end up costing more than has been projected, because those assumptions were baked into the bill. one of the things you have to realize about this bill is that even its backers admit that it was not the ideal piece of legislation they wanted. that's because after the victory of scott brown, the republican in the special senate election in january 2010, democrats no longer had the 60 votes they needed to beat back a pily buster in the -- filibuster in the senate. and their only path
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